West Terre Haute, IN—47885
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — West Terre Haute, IN
As of Oct '25, the median home price in West Terre Haute, IN is $157,000, with a year-over-year change of 3.2%. This indicates that home prices in West Terre Haute, IN are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $157,000 | 3.2% |
| Single Family | $157,000 | 2.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $66,000 | -8.3% |
2 Bed | $103,000 | -1.0% |
3 Bed | $189,000 | 5.0% |
4 Bed | $282,000 | 3.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — West Terre Haute, IN
As of July '25, Rentcast reports the average rent in West Terre Haute, IN is $2,420, with a year-over-year rent change of -5.5%. Per bedroom, the median rent as of July '25 in West Terre Haute, IN is studios: $700, 1-bedrooms: $548, 2-bedrooms: $6,000. The most common rental property sizes in West Terre Haute, IN are 3-bedroom and 2-bedroom, accounting for 30.9% and 25.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $700 | $2,420 |
| Studio Rent | $700 | $700 |
| 1 Bed Rent | $548 | $548 |
| 2 Bed Rent | $6,000 | $6,000 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — West Terre Haute, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in West Terre Haute, IN is 17. This is a increase of 80.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $223,000 | 36.0% |
Listing Count | 17 | -18.0% |
| Listings as % of Homes | 0.4% | -18.0% |
Days on Market | 17 | 80.0% |
Demographics — West Terre Haute, IN
As of the latest ACS Survey released in 2023, West Terre Haute, IN has a population of 9,290, which has increased by 3.3% over the past 5 years. West Terre Haute, IN is a moderately popular place for families, as children make up 23.9% of the population. The area has a poorly educated workforce, with 23.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,290 | 3.3% |
% Under 18 | 23.9% | 1.7% |
% Seniors | 17.3% | -6.5% |
% WFH | 5.3% | 112.0% |
% w/ College Degree | 23.4% | 69.6% |
As of the latest ACS Survey released in 2023, West Terre Haute, IN is a predominantly white area, with 94.6% of the population identifying as white. The white population has shrunk by 3.3% in the last 5 years. The second most common race or ethnicity in West Terre Haute, IN is black, making up 1.6% of the population. Foreign-born residents account for 0.7% of the population in West Terre Haute, IN, and this percentage has increased by 250.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 94.6% | -3.3% |
% Black | 1.6% | 433.3% |
% Hispanic | 0.5% | -28.6% |
% Asian | 0.4% | 300.0% |
% Foreign Born | 0.7% | 250.0% |
Mortgage and Risk — West Terre Haute, IN
According to HUD data as of 2023, there were 160 mortgage originations in West Terre Haute, IN, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in West Terre Haute, IN. Investor activity is low, as 3.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 160 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — West Terre Haute, IN
West Terre Haute, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 217 |
Total Units Section 8 | 217 |
% Rentals under Section 8 | 37.8% |
% Occupied Section 8 | 89.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $182 | $548 | $730 |
| 2 Bedroom | -$5,070 | $6,000 | $930 |
| 3 Bedroom | N/A | N/A | $1,120 |
| 4 Bedroom | N/A | N/A | $1,300 |
Affordability — West Terre Haute, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.1 |
| Median Home Price | $157,000 |
| Median Household Income | $66,200 |